Which of the following,according to the Maastricht treaty,was a condition for participating in the common currency area?
A)a relatively small budget deficit-to-GDP ratio
B)at least half the population of the country must speak German, French and English
C)a promise that any future devaluations will be announced in advance
D)the replacement of the country's prime minister with an appointee of the new "United States of Europe"
E) a relatively small amount of foreign aid to countries outside the area

Question

Quizplus · Accepted Answer

According to the Maastricht treaty, a country had to meet certain economic criteria in order to participate in the common currency area, including a relatively small budget deficit-to-GDP ratio. The other options listed are not conditions outlined in the treaty.

Which of the Following,according to the Maastricht Treaty,was a Condition